📊BTC in the cattle flag shock consolidation, what happens next❓

31 oct 2023

➡️In fact, I already indicated in my analysis yesterday that our expectation for the direction is up, because we have formed an upward bull flag in the big cycle (generally we continue to rise through this model), and we successfully broke the previous short structure yesterday, which means that we will continue in the direction of bulls.🚀🌕

⚠️But because we achieved our short-term bullish target and entered a correction wave and regrouped after clearing out most of the short sellers.📉

➡️Now we are gradually squeezed inside the bull flag to form a rising wedge structure, and generally we fall through this model structure. Note that here is a small cycle level of the rising wedge structure, can not expect too large targets. Also, yesterday in my trading analysis I said that we would not short easily.

🧠So when we clear the lows ahead, we will start a new bull rally.📈🚀🌕

Let's see👀

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